Here is a rare opportunity to acquire a premier catering business located in Chester County serving blue-chip clientele in the vibrant Philadelphia Metro area of Eastern PA. With over 20 years of successful operation, the catering business has established a robust reputation and a loyal customer base. It boasts impressive financial metrics, with a gross revenue of $1,500,000 and a net seller discretionary income of $450,000. The asking price is set at $950,000, a compelling valuation at only twice the seller's discretionary income.
Here is a rare opportunity to acquire a premier catering business located in Chester County serving blue-chip clientele in the vibrant Philadelphia Metro area of Eastern PA. With over 20 years of successful operation, the catering business has established a robust reputation and a loyal customer base. It boasts impressive financial metrics, with a gross revenue of $1,500,000 and a net seller discretionary income of $450,000. The asking price is set at $950,000, a compelling valuation at only twice the seller's discretionary income.
The business' strong market position and growth potential is reflected in its remarkable growth with a 36% increase in Gross Sales from 2021 to 2022 and 29% increase in Gross Sales from 2022 to 2023. The catering business Grossed $833,381 in 2021, $1,135,058 in 2022, and $1,471,781 in 2023. Projections for 2024 indicate 10-15% growth targeting $1.6M to $1.7M.
The customer base is primarily composed of Fortune 1000 companies, prestigious universities, and high-profile organizations. This high-caliber clientele underscores the business's esteemed reputation and reliability in delivering exceptional catering services.
Operations are streamlined with a team of highly skilled and dependable employees with capacity to nearly double output without a strain to the operations or lowering quality. The current owner enjoys a balanced work-life schedule, working less than 40 hours a week from Monday to Friday, and is able to take extended trips more than four times a year, proving the business's operational efficiency and stability.
The facilities are ideally located to serve the main line and the majority of its corporate customer base, and offers ample space to augment income. There is significant potential for a new owner to expand retail sales by incorporating a marketplace.
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